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Posts Tagged ‘Rent’

Describing The Role Of An Estate Agent

November 6th, 2018 Comments off

Theoretically, estate agents assist buyers and sellers to buy or sell their property. Sometimes you hate them and sometimes you love them for their role of trading. However, it is a fact that they are the major part for buying or selling any product in UK. The specific role of an estate agent is mentioned below.

Firstly, the estate agent estimates the correct price of your property. They are very well versed with the market situation and they do update their evaluations from time to time. Based on this information, they tell you the value of your property. The evaluators are usually qualified from the Royal Institute of Chartered Surveyors or from the National Association of Estate Agents. The agents try to fix the value at very minimum so that they could attract the maximum number of buyers. Nevertheless, when you are a buyer they will tell high price and they will reduce it during negotiations.

Secondly, the role of an estate agent is to present your property properly to the buyers. Therefore, you can emphasise on the strong points about your property for the estate agent to tell the buyers. This would certainly assist them to describe your property in a better way to the potential customers.

The third function of an estate agent is to advertise your property. The quality and placement of these advertisements are important. Estate agents will advertise your property in the local papers, on their websites and on promotional brochures and listings.

They will also go to your property to show it to the potential customer. There are some lazy agents and some active agents. The lazy agents wait for the customers to come to them and the other type goes to customer to sell your property.

The estate agents have to manage the total selling process. They have to go through all the legal documentations once a property has been sold. They have to do a lot of work for you. The active kind of estate agents honestly tries to assist sellers and buyers.

It is in your own benefit that you tell the major and key points of your property to the estate agency. It is a morally good act not to call the estate agent to visit your property vaguely. However, you can call them when it is necessary.

All these points have to be discussed with the estate agent, as he will be showing the house to the potential buyers and negotiate with them.

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Advantages Of Using A Letting Agency

August 22nd, 2018 Comments off

Getting a residence is not a simple decision, even for those who have a lot of money. Unluckily, most of the citizens do not have sufficient funds to even consider buying a house. Housing prices, in spite of the current recession, have not dropped to such a level that everyone can afford to buy one. The majority people have no other alternative but to rent a house.

Although getting a home on rent is not as hard as compared to buying one, an adequate amount of difficulties can build a normal person totally disheartened from the entire process. The major hurdle is to get a house that suits the requirement of a specific family.

Next significant factor is the monthly rent and the locality of the home. As per the most significant feature of renting a house, one has to establish the needs of their family. If they are a large family of around eight to nine people, they would need a minimum of a double storey residence with three bedrooms. A small family unit of three people, on the other side, can survive with no trouble in a one-bedroom apartment.

It’s difficult to find a house with reasonable rent, especially if someone wants to live close to the High street, as houses are more expensive there. High Street houses are more in demand as they have lots of shops in access.

It is normally not easy for someone to find a house near High street with a good deal; the reason being, a common man does not know much about letting business and can be easily fooled by dealers. They may end up in living at a compromised location or end up paying far more than actual worth of the house.

The wisest way to deal with this situation is by using a certified and well known letting agency. These agencies have the key business of serving citizens in renting homes at reasonable prices and at good localities.

The fundamental work of a letting agency is to get houses that are available on rent, and catalogue them with their construction, locality, features, facilities, and total property price. They liaise with the landowners and assist them in renting out their residences. In the same way, they provide this information to prospective tenants and give them all the particulars. Letting agencies take a small amount of charges from both service users for this facilitation of services.

The most important advantage of subscribing with a letting agency is that the prospective tenants have to face less amount of hassle in finding a residence. One does not even have to go in order to inspect the houses since one can see their videos and photographs present in the catalogue of the agencies. Prospective tenant only visits a house if it suits the necessities and is up to the mark. The letting agencies also arrange for the trip to examine the house and offer a detailed visit to assist the tenants in reaching a conclusion.

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Benefits Of A Tenancy Agreement

June 13th, 2018 Comments off

Once the owner and the tenant come to a mutual decision, they have to sign an important piece of agreement, which is known as the Tenancy Contract. The Tenancy Contract is the pact signed by both parties, one being the tenant and the other being the owner of the property. This document allows the tenant to stay at the property of the owner and gives the owner the right to receive the payment for letting the tenant to reside at his property.

The Tenancy Agreement is simply for the facility of both the groups, so that no clashes or issues arise after the property is rented. It can be both in written or oral form. However, the oral agreement can cause problems afterwards, as there is no evidence of it. Hence, the written contract should always be preferred to have a written record and proof of the whole agreement. The written agreement makes it easy for you to gain your rights by approaching law, if such a requirement is arisen.

The Tenancy Agreement should be in accordance with the country law. It must privilege you with your statutory rights; otherwise, it becomes ineffective. Through this agreement, both the landlord and the tenant are liable to some privileges, and bound by some errands.

It is very important that the agreement have a clear mention of all the details point wise with the signature of the tenant as well as the owner. The presence of a person providing guarantee, that is a third person, is very vital. He has to assure that all payments and dues are dealt with as per the tenancy agreement. The duration of the tenancy, with starting and ending dates, should be mentioned in the contract.

The payment that the tenant has to submit to the owner, has to be stated in both words, as well as numbers next to the agreed due date for the payments. The owner of the property will then give a written testimonial about the security deposit that he has the right to keep till the tenure of the tenancy. Even the amount of the security deposit has to be in words as well as in numbers.

Even the system of the payments should be clearly mentioned in the tenancy contract for future reference, which will state the way the rent will be paid to the owner; either directly, by the state agent, by mail, cash in hand or by signing a cheque. This will be a written proof holding all the details of the payments.

The tenancy contract will also comprise of minute details such as the responsibility of the tenant to pay off all the bills of the facilities he uses, such as electricity, water, gas, along with the fees of reconnection of any facility (if required), television license fee and others. It should be clearly mentioned in the contract that the tenant is bound to take care of the house and only use it for residential purpose. On the other hand, it should also mention the duty of the owner to pay for all the maintenance and repairs, pay the taxes as well the details of the insurance of the property.

The tenancy contract proves to be a record of all mutual agreements decided by both parties, and hence, they are bound to abide by it in order to avoid any disputes.

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Give A 30-Days Notice Of Your Utah Rental Home

March 28th, 2018 Comments off

As a tenant of a rental home, your contract may be ending soon. The usual protocol is to give a 30-days notice of whether you will be moving out or renewing your contract. Landlords like this time frame because it gives them time to market their rental home if you’re leaving or reassures them they don’t have to look for a new tenant. KeyRenter is a Utah property management company that handles notices for tenants and landlords of rental homes in Utah.

A 30-days notice could be verbal, but this isn’t the best way to give the notice. It should be writing so there is a hard copy of proof what the agreement was and the date it was signed. This way both parties can’t misunderstand what and when the 30-days notice was given.

It doesn’t need to be the first day of the month to give a 30-days notice. It is helpful though so you don’t have to pay extra pro-rated rent. So you could give a notice in the middle of the month, but since it’s for 30 days, you’ll have to pay for the extra days, even if you’re not living there anymore.

If you decide to move out and that’s what you tell the landlord or Utah property management like KeyRenter, then they will be advertising their rental home to find new tenants when you move out. You may have people knocking on your door to take a look at the home. You don’t have to let them in unless the landlord is with them, and even then the landlord should give you an advanced notice if someone is coming to look.

When giving your 30-days notice, if you are moving out, discuss the terms of what needs to be done when you move out. This includes how much the last rent check should be, how you’ll get your security deposit back. Discuss what day you’ll be out and by what time and also any cleaning you will do.

If you say you’ll be staying in your 30-days notice, discuss this with your landlord. Talk about renewing the contract which means printing it out and signing it again. This is also a time when you can negotiate any terms of your contract.

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Renting Basics To Know

November 28th, 2017 Comments off

You may be confused with some of the basics to renting if this is your first time as a tenant of a rental home. When you secure a rental home, you should know the landlord-tenant laws in your state before signing your contract. Rental laws and contracts are made so both parties know what is exactly expected from them.

Details are written in a lease contract or rental agreement so responsibilities of each party are listed. If something goes wrong, then you can turn to the contract to see who was suppose to do what. To avoid any misunderstandings, many who look for rental homes in Utah go through KeyRenter.

KeyRenter provides a third party for them to go through that will handle the contract legally and professionally. The Utah property management takes on the role of landlord and finds tenants through screening. They do a 12-point residential screening test to find the best applicants.

Some landlords know the basics to renting, but prefer to let someone else handle managing their rental homes in Utah. Utah property management also explain to tenants the terms of their contract and help them understand they need to abide by the terms.

Contracts are written according to the state laws to ensure things are in order before a tenant moves into a rental home. Sometimes a tenant may not adhere to the terms of the contract and fall behind on their rent. This is where a Utah property management company is helpful for a landlord.

They can send late notices on behalf of the landlord and even send eviction notices. Evictions are pretty rare in Utah since most tenants give an advanced notice that the can’t fulfill the rest of the contract. Knowing the basics of renting can help a landlord and tenant have good renting experiences. Utah property management can assist in this to have professionals who know the basics of renting to help out both parties.

KeyRenter assists hundreds of Utah homeowners rent out their homes. As a Utah property management company, KeyRenter handles leasing, management, and accounting for Utah rental homes.